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A man borrowed money from a landlord for Rs. 9000 It has to be paid with the following simple Interest 5% per annum for 1st year, 10% per annum for 2nd year . Find the total amount, he paid to the landlord after 2 years.
1. Rs. 12340
2. Rs. 10350
3. Rs. 11350
4. Rs. 13500

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Best answer
Correct Answer - Option 2 : Rs. 10350

Given:

Principal = Rs. 9000

R= 5%

R2 = 10%

T1 = 1 year

T2 = 1 year

Formula Used:

SI = {P × (R× T1 + R× T2)}/100

Calculation:

Substitute the values in the formula

SI = {9000 × (5 × 1 + 10 × 1)}/100

SI = Rs. 1350

Total amount = P + SI ⇒ 9000 + 1350

⇒ P + SI = Rs. 10350

 ∴ Total amount paid at the end of 2 years is Rs. 10350

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